SIMONDS MUSIC AND TECHNOLOGY FOUNDA (EIN 770572986) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

KRISTIN O'LEARY

Phone

4085356251

Tax Period

2023-07-01 to 2024-06-30

SIMONDS MUSIC AND TECHNOLOGY FOUNDA, founded in 2001, is a micro nonprofit in the Education sector that reported $31K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $128K exceeded revenue, resulting in a 312% operating deficit.

Mission

SIMONDS MUSIC AND TECHNOLOGY FOUNDATION PROVIDES FUNDING TO SUPPLY MUSIC AND TECHNOLOGY CURRICULUM TO ALL STUDENTS ATTENDING GEORGE W SIMONDS ELEMENTARY SCHOOL, A PUBLIC SCHOOL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,724

Program Service Revenue $1,500

Investment Income $35

Other Revenue $12,853

TOTAL REVENUE $31,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,600

Fundraising Expenses $0

Program Expenses $99,772

Other Expenses $113,578

TOTAL EXPENSES $128,178

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,112	$108,794	-0.7%
Expenses	$128,178	$170,477	-0.2%
Net Income	$-97,066	$-61,683	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$14,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN O'LEARY	TREASURER	10.00	Officer	$14,600	$0	$14,600
REBECCA JESSUP	TEACHER REP	5.00	Director	$0	$0	$0
KIERA STROCKIS	PRINCIPAL	5.00	Director	$0	$0	$0
YOGITA DEVARAJAN	SECRETARY	10.00	Officer	$0	$0	$0
BARBARA REICHMUTH	PRESIDENT	10.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$31,112	$128,178	$224,631	$-97,066
2024	$31,112	$128,178	$224,631	$-97,066
2023	$108,794	$170,477	$321,697	$-61,683
2022	$99,758	$84,030	$383,380	$15,728
2022	$99,758	$84,030	$383,380	$15,728
2021	$12,185	$28,240	$367,652	$-16,055
2020	$161,576	$225,557	$383,706	$-63,981
2019	$229,642	$49,499	$447,688	$180,143
2018	$229,497	$284,220	No data	$-54,723

SIMONDS MUSIC AND TECHNOLOGY FOUNDA